Blantyre Capital Ltd Acquires 300,000 Shares of National CineMedia, Inc. (NASDAQ:NCMI) Stock

National CineMedia, Inc. (NASDAQ:NCMI) major shareholder Blantyre Capital Ltd acquired 300,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $5.12 per share, for a total transaction of $1,536,000.00. Following the completion of the acquisition, the insider now owns 10,250,721 shares in the company, valued at $52,483,691.52. The trade was a 3.01 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Blantyre Capital Ltd also recently made the following trade(s):

• On Monday, March 10th, Blantyre Capital Ltd acquired 103,685 shares of National CineMedia stock. The stock was purchased at an average price of $5.18 per share, for a total transaction of $537,088.30.

National CineMedia Price Performance

NCMI stock opened at $5.53 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.46 and a quick ratio of 2.46. The business has a 50 day simple moving average of $6.57 and a 200-day simple moving average of $6.77. The firm has a market capitalization of $526.51 million, a PE ratio of -22.12 and a beta of 2.19. National CineMedia, Inc. has a 1 year low of $3.87 and a 1 year high of $7.60.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Thursday, March 6th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. National CineMedia had a negative return on equity of 2.61% and a negative net margin of 9.49%. The business had revenue of $86.30 million during the quarter, compared to analyst estimates of $84.77 million. Equities research analysts anticipate that National CineMedia, Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in National CineMedia by 3.1% in the fourth quarter. Rhumbline Advisers now owns 107,069 shares of the business services provider’s stock valued at $711,000 after acquiring an additional 3,219 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in National CineMedia by 18.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,749 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 4,084 shares during the last quarter. ProShare Advisors LLC lifted its holdings in National CineMedia by 46.4% in the fourth quarter. ProShare Advisors LLC now owns 19,611 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 6,217 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in National CineMedia by 1.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 476,468 shares of the business services provider’s stock valued at $3,164,000 after acquiring an additional 7,130 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in National CineMedia by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 728,915 shares of the business services provider’s stock valued at $4,840,000 after acquiring an additional 7,218 shares during the last quarter. 69.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barrington Research lowered their price objective on National CineMedia from $8.25 to $7.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. William Blair reiterated a “neutral” rating and issued a $7.50 price objective on shares of National CineMedia in a report on Friday, March 7th. Wedbush reiterated a “neutral” rating and issued a $7.50 price objective on shares of National CineMedia in a report on Wednesday, March 5th. StockNews.com upgraded National CineMedia from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Benchmark reissued a “buy” rating and issued a $8.00 target price on shares of National CineMedia in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, National CineMedia has a consensus rating of “Moderate Buy” and an average price target of $7.70.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.